Adco Head Replaced As Abu Dhabi Eyes Output Rise

The Abu Dhabi National Oil Company (Adnoc) has shaken up its key management with Sultan al-Jaber replacing ‘Abd Allah Nasir al-Suwaidi as director general on 15 February. Mr Jaber is younger than his predecessor and has closer ties to Abu Dhabi Crown Prince Muhammad bin Zayid Al Nahyan.

The Crown Prince has effectively been in control of the country since his brother President Khalifa bin Zayid suffered a stroke in January 2014. This marks his further consolidation over the oil industry. The new man in charge will have to juggle a wide range of issues including plans to increase gas and oil production capacity and the renewal of a key offshore oil concession. (CONTINUED - 619 WORDS)


chart ADCO Partners (%) Old...
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